GM PROJECTEN

Active

Private limited companyfounded 20215 yrs activeErtbrandstraat 130, 2950 Kapellen, BelgiumKBO/BCE: BE 0762.499.875

The computed 12-month bankruptcy probability of GM PROJECTEN is 2.4% (moderate). The 2024 annual accounts show equity of €47k and a net result of €15k. Equity is growing by ~55.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 36378 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

91 / 100

Excellent▼ -2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency74▼-23

Growth78=

Stability94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 2.87 against 2.18 in 2023), but 67.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

32.8%

Return on assets

10.4%

Age of the figures

23 mo

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 138 days later.

NBB · 4 filings

Position against the passed deadline

30-09-2025 close30-04-2026 deadline15-09-2026 today

Latest accounts filed on time

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 27-02-2025, 62 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not filed

2024

62 d early

2023

20 d early

2022

1 d late

2021

on the day

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€70k

EBIT margin

0.9%

Net result

€15k▲ 23.0%

2023 · €12k

2021: €304 2022: €17k 2023: €12k

2021 → 2024

Working capital

€57k▲ 81.4%

2023 · €32k

2021: €4k 2022: €20k 2023: €32k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€70k-

Equity€3k-€20k▲ 508%€32k▲ 60.6%€47k▲ 46.4%

Operating result€602-€23k▲ 3,706%€21k▼ 10.0%€31k▲ 50.9%

Net result€304-€17k▲ 5,419%€12k▼ 27.5%€15k▲ 23.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 51% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €144k

39.0%

61.0%

Fixed assets €56k▲ 7,383%

Current assets €88k▲ 50.6%

Equity and liabilities €144k

32.8%

67.2%

Equity €47k▲ 46.4%

Debt €97k▲ 261%

The debt ratio rises from 45.4% to 67.2%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€34k▲

2023 · €21k

Cash flow

€18k▲

2023 · €12k

Solvency

32.8%▼

2023 · 54.6%

Current ratio

2.87▲

2023 · 2.18

Quick ratio

2.87▲

2023 · 2.18

Debt / equity

2.05▲

2023 · 0.83

ROE

31.7%▼

2023 · 37.7%

ROA

10.4%▼

2023 · 20.6%

Interest coverage

3.68▼

2023 · 5.60

Debt

€97k▲

2023 · €27k

Debt ≤ 1 year

€31k▲

2023 · €27k

Debt > 1 year

€66k

Income taxes

€7k▲

2023 · €5k

Staff costs

€54k▲

2023 · €51k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€59k€144k▲

Fixed assets21/28€750€56k▲

Tangible fixed assets22/27€750€56k▲

Furniture and vehicles24€750€56k▲

Financial fixed assets28-€500

Current assets29/58€58k€88k▲

Amounts receivable within one year40/41€53k€84k▲

Trade receivables40€10k€9k▼

Other amounts receivable41€42k€75k▲

Cash at bank and in hand54/58€3k€166▼

Deferred charges and accrued income490/1€3k€3k▲

Equity and liabilities

Total equity and liabilities10/49€59k€144k▲

Equity10/15€32k€47k▲

Contributions10/11€3k€3k=

Reserves13€29k€44k▲

Distributable reserves133€29k€44k▲

Amounts payable17/49€27k€97k▲

Amounts payable after more than one year17-€66k

Financial debts170/4-€66k

Amounts payable within one year42/48€27k€31k▲

Current portion of amounts payable after more than one year42-€13k

Financial debts43€8k-

Other loans439€8k-

Trade debts44€8k€7k▼

Suppliers440/4€8k€7k▼

Taxes, remuneration and social security45€11k€10k▼

Taxes450/3€9k€9k▼

Remuneration and social security454/9€2k€1k▼

Income statement Code20232024

Remuneration, social security and pensions62€51k€54k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€293€3k▲

Other operating charges640/8€1k€4k▲

Gross operating margin9900€73k€92k▲

Operating profit (loss)9901€21k€31k▲

Financial income75/76B€20-

Recurring financial income75€20-

Financial charges65/66B€4k€9k▲

Recurring financial charges65€4k€9k▲

Profit (loss) for the period before taxes9903€17k€22k▲

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€12k€15k▲

Profit (loss) for the period to be appropriated9905€12k€15k▲

Appropriation of the result

Profit (loss) to be appropriated9906€12k€15k▲

Transfer to equity691/2€12k€15k▲

To other reserves6921€12k€15k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

27-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

10-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

01-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 1 day late

2022

30-09

Financial Highest result since 2021net €17k ▲5419%

Net result €17k, the highest in the series.

30-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Kapellen · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ertbrandstraat 1302950 Kapellen

Ground area

355 m²

Building footprint

71 m²

Volume, LiDAR

364 m³

Parcel 11023A0252/00C000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GM PROJECTEN

Ertbrandstraat 130, 2950 KapellenGeneral construction of buildings

since 20212.312.573.931

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11023A0252/00C000	Flanders	355 m²	1 · 71 m²	6.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 12,894 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-01-2021

Fiscal year end30-09

Activities, NACEBEL

41001General construction of residential buildings

43222Installation of electric heating, air conditioning, cooling and ventilation

43211General electrical installation work

43221Plumbing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.